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Re:Blowing the Whistle on the Mortgage Bubble by mseebach on Friday January 25, 2013 @09:47AM (#5115602)
So, for your point 1, neither Krugman nor the CBPP report he links to claims that the debt will stabilise at 80%. It will arrive at 80% with a rising slope, not flatten like the "cuts" scenario. Also, good thing you didn't link to anything containing conspiracy theories:

To say what should be obvious: Republicans don’t care about the deficit. They care about exploiting the deficit to pursue their goal of dismantling the social insurance system. They want a fiscal crisis; they need it; they’re enjoying it.

Re:Blowing the Whistle on the Mortgage Bubble by gizmo on Friday January 25, 2013 @10:01AM (#5115681)
You're correct that the debt will continue to go up after 10 years if there are absolutely no cuts and no revenue increases. But 10 years is plenty time to bring the budget in line with GDP growth, and after the depression is behind us there should be bi-partisan interest in reducing the deficit. I'll be very surprised if the US deficit is over 80% of GDP in 10 years.

The comment by Krugman about Republicans wanting a fiscal crisis to dismantle the welfare system is somewhat hyperbolic. However there are plenty Republicans who claim to care about the deficit but when push comes to shove go for tax cuts instead and then point at the lack of revenues to justify cuts in the welfare system.

Re:Blowing the Whistle on the Mortgage Bubble by mseebach on Friday January 25, 2013 @10:17AM (#5115771)
Krugman is as "somewhat hyperbolic" as the GP. In fact, the GP qualifies his theories with "I think", Krugman states them as fact.
Re:Blowing the Whistle on the Mortgage Bubble by digitalengineer on Friday January 25, 2013 @10:32AM (#5115838)
Just curious: Does the debt number include unfunded liabilities for social security, medicare, etc?
Re:Blowing the Whistle on the Mortgage Bubble by mseebach on Friday January 25, 2013 @10:42AM (#5115888)
No, "public debt" is at 73%, including "intragovernmental holdings" (social security etc) it's at 105%

See here: https://en.wikipedia.org/wiki/United_States_public_debt#Meas... and refer to the first paragraph of the article of a definition of the two debt types.

Re:Blowing the Whistle on the Mortgage Bubble by mynameishere on Saturday January 26, 2013 @02:17AM (#5119601)
But 10 years is plenty time to bring the budget in line with GDP growth

You are out of your mind. Absolutely, 100 percent out of your mind.

Re:Blowing the Whistle on the Mortgage Bubble by ScottBurson on Friday January 25, 2013 @03:24PM (#5117426)
If you don't accept this coming from Krugman, Bruce Bartlett is a moderate voice who says essentially the same thing: http://economix.blogs.nytimes.com/2012/11/20/the-new-republi...
Re:Blowing the Whistle on the Mortgage Bubble by mseebach on Friday January 25, 2013 @07:42PM (#5118655)
You don't have to do deep investigative journalism to uncover the dirty truth that republicans has a smaller state as a policy goal, and has had it for a few decades. They say so publicly at any opportunity given. So, shockingly, when there's a deficit, they'll argue that the state should be smaller to cover the deficit. Sure, GWB massively expanded the state, and republicans were mostly fine with it, so it comes off as hypocritical. Either way, Bruce Bartlett just wastes a lot of words tracing and uncovering something that's trivially true.

Krugman dwells into conspiracy theory when he argues that republicans "enjoy" the deficit and with a nice slight of hand assigns the full responsibility for it to them. From random partisan hacks, sure, that how it goes, but for someone that likes to remind everyone that he has a nobel price, perhaps, just perhaps, we can expect a higher standard?